Loan & DebtJun 24, 2026, 05:32 PM
Teradata Secures New $400M Revolving Credit Facility
AI Summary
Teradata Corporation has entered into a new five-year unsecured revolving credit facility for up to $400 million with Bank of America, N.A. This new facility replaces a prior credit agreement from 2022, which included a $400 million revolving facility and a $500 million term loan. In connection with the new agreement, the outstanding term loan from the prior agreement was fully repaid. The new facility allows for an increase of up to $200 million and can include loans denominated in British Pounds Sterling, Euros, and Japanese Yen.
Key Highlights
- Entered into a new five-year unsecured revolving credit facility of up to $400 million.
- The facility includes a $50 million sublimit for standby letters of credit.
- It also includes a $50 million sublimit for swingline loans.
- Teradata may request an increase in the facility by up to $200 million.
- Up to $100 million of loans can be denominated in British Pounds Sterling, Euros, and Japanese Yen.
- The new agreement replaces a prior 2022 credit agreement that included a $500 million term loan.
- The outstanding $500 million term loan under the prior agreement was repaid in full.
- Interest is a floating rate based on base rate or SOFR, plus an applicable margin.
Price Impact
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